The Business Times, 9 June 1984

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, JUNE S, ISB4 60 CENTS
    12 words
  • 514 1  -  Millions of dollars washed out and construction works delayed By LISA LEE CONTRACTORS have lost millions of dollars and suffered long delays in their projects because of the unusually heavy rainstorms in the past few months. Housing development, road and excavation works
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  • 132 1 IT'S JUST one minute away. From the broad smiles of presidential contender Walter Mondale and his family in the UPI picture above, it's clear that it was one minute to high noon, not midnight. Mr Mondale had expected to collect enough votes by
    132 words
  • 210 1 Reuter THE WORLD oil markets have shown no signs of panic in spite of increasingly belligerent rhetoric from both sides in the 44-month-old war between Iran and Iraq and the continuing threat to shipping in the Gulf. Although Iran may
    Reuter  -  210 words
  • 111 1 BRITAIN has rejected a Chinese proposal to set up a Sino-British group for consultations on Hongkong's administration during the transition to Chinese rule in 1997, the pro-Beijing Mirror magazine said yesterday. "Britain rejected the proposal on the ground that during the 13year run-up,
    111 words
  • Article, Illustration
    58 1 LACK of baying Interest caused share prices on the Singapore stock market to close easier yesterday. The market opened on a quiet note in line with the slight decline on Wall Street on Thursday. The all-oector BT Composite Index closed l.tS points lower at 811.0 while the Straits
    58 words
  • 399 1  -  By KANG SIEW KHENG SINGAPORE and other Asian Pacific countries will become increasingly attractive to overseas investors as their competitive edge has been improved by tax changes in two of their major European competitors. But these countries are still relatively unknown
    399 words
  • 60 1 BEIJING Mayor Chen Xitong is putting the three years of his toilet-cleaning experience as a despised reactionary in the 1960s to good use. He is leading a campaign to smarten the city's 6,000 public toilets. His leadership cannot but inspire. "I've done more mopping in
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  • 498 1  -  By LEE HAN SHIH A CORE contractor lost about $34 million worth of building contracts and is in danger of losing its core status due to what the Housing and Development Board claims to be bad workmanship. The same reason
    498 words
  • 80 1 DAEWOO Corporation has so far handed over 1,274 completed flats to the Housing and Development Board. The flats were completed on schedule and the HDB is happy with the finished product, a spokesman said yesterday. The South Korean company was awarded a contract worth
    80 words
  • Page 1 Advertisements
    • 141 1 IMAC-ASIA 84 S. E. Asia's 4th International Exhibition of Materials Handling Physical Distribution Equipment 25 29 June WTC An Interfama organised show Tel: *****12 MacGiegor SYNCHROUTE The revolutionary lightweight clubs The Synchrolite System is lighter, generating GREATER CLUBHEAD SPEED. When you generate greater \clubhead speed, you hit the ball FARTHER.
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    • 278 1 wm SHARE INFORMATION 10 RAW MATERIALS 4 MONEY EXCHANGES 5 FITZPATRICK'S opens its 10th branch in Katong today in yet another unoccupied shopping complex. The branch is in the basement of People's Park Katong Complex, which was to have opened earlier this year. Page 2 CHINA has unveiled new incentives
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    • 164 1 Iraq gets more arms...page 4 Full report, Pag* 10 International stock*, Pago 8 Asian stocks, Paga 9 I ■J? A L Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not
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    • 27 1 CO NP EX-AS IA '84 S E Asia s 4th International Building. Construction Equipment Public Works Exhibition 25 29 June WTC An Interfama organised show Tel: *****12
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  • HOME NEWS
    • 405 2  -  Keen competition with Yaohan and Cold Storage expected By BOEY KIT YIN FITZPATRICK'S opens its 10th branch in Katong today in yet another unoccupied shopping complex. The supermarket's flagship opened at Orchard Road in The Promenade less than two months ago, when the rest of
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    • 554 2  -  By MONICA GWEE ONE WAY for small countries to reduce and manage the high risks and costs of high-technol-ogy ventures is to pool resources and work closely for mutual benefit. Four speakers representing different sectors of Israel's high-technology industries explored such
      554 words
    • 194 2 THE URBAN Redevelopment Authority is to spend a million dollars to double the car park areas in East Coast Parkway and Geylang. The money will provide an additional 254 lots to the existing 256-lot at the East Coast Parkway
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    • TRADE TALK
      • 55 2 international engineering trade fair ever to be held in Auckland has ended with record attendance figures. A total of 11,607 registered visitors attended the four-day EMEX '84 exhibition at the Auckland showgrounds. EMEX '84 featured the latest in engineering technology and exhibits ranged from pneumatics and power tools
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      • 110 2 that is ex- pected to at least double Newsweek International's distribution in Australia to 110,000, Newsweek will join The Bulletin, Australia's largest weekly, to publish a single magazine beginning early July. The Newsweek logo will be featured prominently in conjunction with the Bulletin logo on the cover.
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      • 80 2 valued at more than $180 million have been ordered from the Boeing Commercial Airplane company by Lufthansa German airlines. The Combi is a 747-2008 aircraft with a large cargo door on the main deck just aft of the port wing. It can carry either all passengers or
        80 words
      • 82 2 international conference on computer control, auditing and security in banking and finance will be held from Sep 10-12, 1984, at Shangri-La Hotel. The theme of the conference is Changing Technologies Demand Changes In Approach. The conference is jointly organised by Information System Resources (ISR) Consultants International Inc, an
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      • 90 2 Board of Civil Aviation (BCA) has issued its type certificate of air-worthi-ness for the Swedish-Ameri-can Saab-Fairchild 340-turbo-prop regional airliner and corporate aircraft. The certificate was handed over by Lars-Erik Nordstroem, director of flight safety, BCA, to Olle Espring, SaabFairchild joint project office director and William East, deputy technical
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      • 75 2 will be the host of the first Asian water technology exhibition and conference from Nov 4-8,1985. The exhibition, supported by the Malaysian Ministry of Public Works A Utilities, will offer opportunities for suppliers of technology, equipment and services associated with water exploration, drilling, storage, distribution, irrigation, recycling and
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    • 166 2 WORLDWIDE recognition will be given to one selected person who has contributed to the progress of industrial robot technology. Asea Robotics, the industrial robot division of the Swedish company Asea AB, is giving an international award to promote the development of advanced
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    • 111 2 SINGAPORE International Software Services yesterday announced that it is marketing a software package that enables companies to perform such tasks as international networking, materials handling, job scheduling and the monitoring of manufacturing processes. Called Snap, the software was developed by IP Sharp Associates Ltd
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    • 225 2 THE Ministry of Health spent a record sum on development last year, but it will be spending less this year because major hospital projects have been completed. The ministry's latest annual report shows that development expenditure amounted to 174 million. This was
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    • 206 2 DIGITAL Equipment Corporation, the world's biggest maker of mini-computers, plans to set up a computer technology centre in Singapore to help develop the local software export industry. Digital and the National Computer Board are discussing the details of the proposed centre. Digital
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    • 1193 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL 1 Locatio Ned V Noort 630 9.6.84 2100 Ned-EAC TA 3 0800-0900 S3 HK Cont 40W 9.6.84 2359 Jardine FSB 1100-1200 F3 Thana Bhum 122N 10.6.84 0700 S'pore Shpg TA 3 0700-0800/1800-1900 K1
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  • Page 2 Advertisements

  • OVERSEAS
    • 312 3 UPI GAINS made in that past 50 years of trade liberalisation could be lost unless the major trading nations take new initiatives. The Atlantic Council of the US, in a statement aimed at the London economic summit now in progress, yesterday urged the major
      UPI  -  312 words
    • 137 3 Reuter AUSTRALIA should channel more overseas aid to its neighbours and phase out trade barriers against South-east Asian developing countries. A government advisory report, drawn up by industrialist Sir Gordon Jackson, said that Australia's annual aid of AJB4O million was spread too thinly
      Reuter  -  137 words
    • 243 3 NYT US DEMAND for the IBM personal computer remains strong, in spite of speculation to the contrary, IBM said this week. Following widespread reports in the US that demand for personal computers, in particular the IBM PC and PC compatibles, is declining and analysts' predictions
      NYT  -  243 words
    • 56 3 BURGLAR Michael Pinckley, 30, of Chicago has found himself in a vicious circle. "I had to do it for my lawyer. I needed to pay him US$l,OOO," he told police who caught him with a bag of diamond jewellery, rings and pearls barely two hours after he pleaded
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    • 742 3 ARRIVALS Operator Service number Local time From PAA PA5 0020 JFK/SFO/HKG CAL CI331 0150 TPE MAS MH68I 0820 KUL KAL KE624 0840 KUL CV CV796 0845 LUX/AUH MAS MH60I 0905 KUL SV SV386 0910 JED/RUH MAS MH671 0935 KUL MAS MH8II 0940 PEN CAL CI806 0945 HLP
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    • 547 3 UPI Reuter THE STORMING of the Golden Temple may suppress Sikh terrorism, but has already unleashed Sikh resentment likely to complicate the underlying political tangle in Punjab state. The unprecedented assault on the temple
      UPI; Reuter; UPI photo  -  547 words
    • 510 4 UPI AP LEADERS of seven major Western powers put aside political preoccupations for a morning of debate yesterday on the reason for their 10th summit, "Crises in the global economy". The British were pleased with the "excellent atmosphere" that prevailed on Thursday through
      UPI; AP; UPI picture  -  510 words
    • WORLD IN BRIEF
      • 42 4 INDONESIA will slash imports of foreign films to popularise domestically-produced movies, according to Information Minister Harmoko. He said that this year's quota for imported films "would be much smaller" than last year's. Mr Harmoko did not cite any figures.
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      • 75 4 MORE than 200 tankers delivered millions of tonnes of oil to South Africa in an 18-month period in defiance of an international embargo by oilproducing countries on such deliveries, a Dutch anti-apar-theid group said on Thursday. The Shipping Research Bu- reau identified in a report published in The
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      • 67 4 LE MONDE, the prestigious afternoon newspaper that is required reading for French powerbrokers and intellectuals, is facing a serious financial crisis caused by plunging circulation and multimillionfranc deficits that threaten its future. Le Monde, shortly to celebrate its 40th birthday, had a deficit of US$2.7 million in 1983,
        67 words
      • 74 4 Agencies WEST German metal workers, who are in dispute over a claim for a 35-hour working week, have received pledges of support at the annual meeting of the International Metalworkers' Federation, which represents 14 million workers around the world. The federation meeting in Dublin said it would
        Agencies  -  74 words
    • 177 4 AP DEMOCRATIC PARTY leaders are pressuring Senator Gary Hart and Rev Jesse Jackson to give up the fight for the Democratic US presidential nomination, a contest Walter Mondale says he has already won. The issue now, the leaders say, is unifying the party
      AP  -  177 words
    • 270 4 Reuter IRAQ is reported to have received new weapons supplies as it waits for an expected offensive from Iran in the four-year-old Gulf war. Diplomatic sources in Baghdad said Iraq had received two new types of Soviet-made air-to-surface missiles that could add teeth to its
      Reuter  -  270 words
    • 178 4 THE US Justice Department will announce new anti-trust guidelines next week under which the market share of imports will be considered when mergers are being reviewed for possible challenge. Assistant Attorney General J Paul McGrath, said yesterday that the department had, in the past, largely
      178 words
    • 51 4 NYT RADON, a common radioactive gas emitted by soil, stones and most building materials, may be responsible for as many as 10,000 lung cancer deaths among non-smokers in the US each year. A US medical journal said new studies showed higher-than-normal rates of lung cancer among non-smokers.
      NYT  -  51 words
    • 253 4 Reuter CHINA has unveiled new incentives to attract foreign investment and high technology, including reduced red tape, tax concessions and access to the country's huge domestic market. Gu Mu, a member of the State Council and Secretariat of the Communist Party Central Committee,
      Reuter  -  253 words
  • Page 3 Advertisements
    • 11 3 Pan Am. Daily 747SPTo USA. It Flies Smoother, Faster And Quieter.
      11 words
    • 250 3 THAI S ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and Aihensthen take your choice to Raris, Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flics the shortest distance non-stop to COPENHAGEN,FRANKFURT,ROME and ATHENS. Then onward to the other great European
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  • RAW MATERIALS
    • 259 4 SINGAPORE The market closed slightly higher yesterday with June One RSS buyers quoted at 185.00 cents a kilo, up 1.50 cents from Thursday. The morning session was marked up slightly on some speculative buying of June and July One RSS in quiet trading after a one cent higher opening.
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    • 111 4 Yarn (In HK$ per bole of 400 lb) China carded yarn, cones Blue Phoenix I 6's 3,500 Blue Phoenix 20's 3,550 Blue Phoenix 32's 4,000 Blue Phoenix 40's 4,500 Carded yarn, hank Blue Phoenix 21's 3,600 Combed yarn, cones Blue Phoenix 32's 5,600 Blue Phoenix 40's 5,800 Open-end yarn
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    • 324 4 RAS prices (in S cents/kilo, FOB in boles) NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS prompt 185 00 186.00N 185.50 186.50N Int I RSS June 184 50 185.00 185.00 185.50 Int 1 RSS July 191 50 192 00 192.00 192 50 Int 2 RSS 185
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    • 109 4 (in cants/1 too pallets) J une J u |y (current mth) (forward mth) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 190.00 192.00N 192 00 194 OON SSR 50 -r 188 00 190 OON 190 00 192 OON MRELB Buyers Sellers Buyers Sellers SMR CV 244
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    • 85 4 THE Straits tin price in Penang rose two cents yesterday to Ms2f.lt a kilo, moving within the ITA lower range of $29.15 and $32. K. Dealers noted strong support by the buffer stock manager, extending his high grade haying in London, and continned purchases by Japanese and local
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    • 132 4 CHICAGO wheat futures closed Thursday V«-cent per bushel lower in March to up one in May, with July posting a 4'/«-cent range. Steady exporter buying in July and December sparked market-talk that there may be unannounced tender business coming soon, supporting wheat values in spite of weakness in other
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    • 92 4 SOYBEAN FUTURES recovered slightly from early lows to close down 20 to 10 "2 cents a bushel in moderate trade on the Chicago Board of Trade on 'Thursday. July posted a 24-cent range. A limit decline in soyoil prompted local and professional selling in nearby soybeans. The outlook for
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    • 209 4 MALAYSIAN crude palm oil market closed off the day's lows yesterday on short-covering after a sharply lower Chicago soybean complex close prompted selling. Interest remained centred on June, with the south region losing Ms3s to $1,525 a tonne. Central and north fell $55 and $35 respectively to $1,500.
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    • 154 4 Chinese Produce Exchange (Sellers' noon closing price* SS/ 100 kg) Coconut oil Bulk FOB 240 00 OW drum FOB 253 00 New drum FOB 257 00 Copro Mixed (loose) 125 00 buyers Pepper Muntok white FOB NLW 642 50 Sarawok white FOB faq NLW 635 00 Sarawak special
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    • 154 4 Reuter PENINSULAR Malaysian crude palm oil output rose to 248,882 tonnes in April from an upward revised 205,788 in March and 216,484 in April 1983. Output for the first four months of this year fell to 756,838 tonnes from 816,455 in the same period
      Reuter  -  154 words
    • 668 4 COFFEE Robusta futures at midday yesterday had pared gains of £40 to £8 per tonne from Thursday, except January which lost three, after an active session featured by fears of frost in Brazil. September was traded £22 below its peak at £2,308, up £38. Physical markets were subdued.
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    • 287 4 Singapore (S)/kiio, ei-godown) Thoi white 100% Ist class (kangaroo) new crop I 05 100% 2nd class 077 100% 3rd closs 0 75 25% new crop No stock B-10% No stock Thoi broken Asuper 0.62 Special 0 55 Thai rice 55% No stock China rice 10% 0 93 15% No
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  • BANKING AND FINANCE
    • 374 5 UPI TOP currency analysts expect the dollar fall that began last week to continue, Euromoney currency report's latest monthly survey of forecasters' views said. The survey said sterling was expected to strengthen against the US dollar but to weaken against major European
      UPI  -  374 words
    • 82 5 Reuter THE BRITISH government is unlikely to outline its plans for regulation of the City of London's financial and commodity markets until autumn, government sources said. Hopes within some sections of the Trade and Industry Department that a broad outline could be ready next month now
      Reuter  -  82 words
    • 115 5 Reuter COMMERCIAL banks are preparing to advance heavily indebted Argentina several hundred million dollars to help it meet approaching payment deadlines, US officials said. They also confirmed recent statements by Argentine officials in Buenos Aires that the country is likely to
      Reuter  -  115 words
    • 194 5 Reuter SOME LEADING industrial nations are aiming to complete discussions on a host of subjects related to the international monetary system at an IMF interim committee meeting next spring. Sources at the Economic Summit in London said summit participants were scheduled to receive
      Reuter  -  194 words
    • 414 5 Reuter THE OVERALL strength of US credit demand is exerting intense pressure on the Federal Reserve to tighten monetary policy, analysts believe. Although business loans extended by 10 major New York banks declined US$26O million in the week ended May 30 to a
      Reuter  -  414 words
    • 133 5 Reuter THE US authorities did not intervene in foreign exchange markets in the three months ended April 30 and extended no new credits through swap arrangements. New York Federal Reserve Bank vice-president Sam Cross, in a quarterly review, said the dollar's average decline on a trade-weighted basis
      Reuter  -  133 words
    • 108 5 Reuter THE WORLD BANK said it has approved loans totalling US$l75 million for a project to improve technical efficiency of an investment bank in China. The bank said in a statement its funds for the project will include a direct loan of $105
      Reuter  -  108 words
    • 297 5 AFP THE International Monetary Fund (IMF) is set to approve on Monday the Philippines' long-sought US$65O million standby loan, the Manila Bulletin reported yesterday, quoting "top-level sources". IMF managing director Jacques De Larosiere has endorsed Manila's request and the fund's executive board
      AFP  -  297 words
  • MONEY AND EXCHANGES
    • Article, Illustration
      654 5 SINGAPORE: The local currency yesterday rose against the US dollar to 552.1030/40 from 2.1035/45 on Thursday but eased against the Malaysian dollar to 5J91.25/35 from 91.20/30. The US dollar fell against most major currencies. It rose to a high of 2.7030/40 marks before falling back to close at
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    • 241 5 Interbank rates at 3pm Cuffiflcin Nominal ret •a Smithsonian quoted yesterday e roe* parity cttanga Local dollars to one unit of foreign currency: US doMar 2 1040 2.1050 ***** -25 38 Sterling pound 2 9392 ***** 7 3469 -59 99 Australian dollar 1 8851 1 8881 3 4286
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    • 239 5 DEPOSIT RATES closed steady yesterday in quiet trading at around opening levels, which were little changed from Thursday's. Interbank deposit ri itM us$ Offer Bid 7 days 10 15/16 10 13/16 1 month 11 1/8 11 2 months 11 3/8 II 1/4 3 months 11 5/8 11
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    • 240 5 SINGAPORE Futures closed slightly higher yesterday is spite of the lack of developments in the Gulf war. Only two lots were traded for the day while kilobars were neglected. Prompt closed slightly higher at U*****.00/391.50 an ounce compared with $390.00/390.50 in New York, August at $396.40 396.90 against $396.20
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    • 69 5 THE OVERNIGHT rate eased by V« percentage point to close at s's per cent on the local interbank money market yesterday. The one-month term rate rose by 1/16 point, but the twos and threes declined by 1/16 point each. S$ interbank rates at 3pm yesterday Offer Bid Overnight
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    • 101 5 RESULTS OF TENDER held yesterday for 91-day Treasury bills to be issued from June 11 to June 15: Offered: $190,000,000 AppUed for: $374,000,000. Allotted: $190,000,000. Accepted bids: $99.25 approximately 46 per cent; higher bids in full. Average rate of discount on allotment: 3.000 per cent per annum. Discount
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  • Page 5 Advertisements
    • 50 5 y N A Come celebrate Singapore's 25 Years o£ Nation Building Come join the New Nation Big Walk '84 Get your entry forms in The Straits Times or call Juanita at Times House, Tel. *****11 o N-RUKWNG OF *****9-1984 A time to celebrate A time to stand up tor Singapore
      50 words

  • FEATURES
    • 550 6 CAN IT BE that film buffs now prefer to stay at home with the latest Hongkong gangster video and a plate of satay within arm's reach? Yes, the crowds that used to spend money to watch fantasy unfold on the big screen now buy video
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    • 915 6  -  By JOSE KATIGBAK THE TAXMAN is back. Electricity meter maids are on the prowl. Cambodia's shabby capital is slowly restoring the trappings of civilisation after being bludgeoned back into the dark ages by nearly four years on Khmer Rouge rule in the late *****. But the
      915 words
    • 77 6 Letters to the Editor PLEASE refer to the article captioned "Putting STPB more clearly in the picture" (BT, June 1). May we clarify that the idea of replacing Angsana trees at Tudor Court with the Travellers' Palms originated from the Parks and Recreation Department.
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    • 328 6 STRAWS in the Wind IT SOUNDS like a really tough job to handle. The government recently called tenders for "Regular cleaning of the Corrupt Practices Investigation Bureau." AS WALK-IN interviews become more popular, companies could face some security problems with too many
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  • Page 6 Advertisements
    • 135 6 At Home With TmSS J T2' J I _->• A it/. 9.. K3 S Study French at your own pace! 'At Home With French' offers you a clear and simple course of 36 lessons with 'Guide To French Pronounciation, and 'Key Phrases'. 'At Home With French' comprises 20 gramophone records
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  • Page 6 Miscellaneous
    • 772 6 CRYPTIC PUZZLE ACROSS 8 Hold, to examine, a tin that's dented (7) 9 Who cheers when the boxer gets a very good left m? (9) 13 Faultless that's obvious (5) 14 Come out and dump something (5) 15 Knocks and confronts one (7) 16 The girl gets back first from
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  • TIME-OFF
    • 718 7  -  By MONICA GWEE HAUTE COUTURE is really about a pair of talented fabric shears and women with pins in their mouths. High fashion clothes from the world's noted couture houses is an undercover story of fittings. The designers get nowhere without their cutters and fitters, those remarkable
      718 words
    • 376 7 TOO MANY people think of Naples in terms of spaghetti, Mount Vesuvius, Roman Catholics and pizza. "There is no reality in these things," says Fausta Vetere of La Nuova Compagnia Di Canto Popolare (The New Company of Popular Song). If that is a mouthful, the group
      376 words
    • 249 7 THERE MAY be just one candle on the cake to puff out, but it is reason enough to celebrate Not the Festival, Festival programmes at the Bistro Toulouse-Lautrec. For its first birthday, the popular nightspot has gathered several talents for a series of shows
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  • Page 7 Miscellaneous
    • 750 7 wmrsm CONCERTS The SSO puts on the choral work, Carmina Burana for the Festival of Arts. Soloists are Dorothee Reingardt (soprano), Paul Arden-Griffith (tenor), Hidenori Komatsu (baritone). Carmina Burana, written by Carl Orff in 1936, has created a unique place for itself in contemporary music literature. It has often been
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    • 1177 7 to m caaacKD i CHANNEL 5 D PM SBC Teit "Live" Sample Pages Opening and Programme HghKghts folowed by Sesame Street Saturday Matinee Coward of the County Pre-Olyiivic Footbal Quaffying Tournament Asia/Oceania Group (Final Round) Malay Movie Mbut Di-Hujung Senja Programme rtghfcgtits (English) Popeye the Saior The Wonderful World of
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  • INTERNATIONAL STOCKS
    • 191 8 Reuter BRITISH Petroleum (BP) said all its major activities reported improved firstquarter results compared with the year-ago period. BP Chemicals produced its first quarterly profit for some years. BP's downstream refining as well as marketing profit margins remained similar to the fourth quarter
      Reuter  -  191 words
    • 151 8 Reuter CHRYSLER, the third-big-gest US car maker, reported record profits after returning from the brink of bankruptcy. Chairman Lee lacocca said the company's turnaround was complete. "The public likes our products so much we're selling everything we can build," Mr lacocca told the annual meeting
      Reuter  -  151 words
    • 107 8 Reuter INTERNATIONAL Business Machines said it cut prices as much as 23 per cent on some IBM personal computer system units. Prices were also reduced for many personal computer options. IBM reduced the price of the PC-JR entry model to US$599 from $669, and
      Reuter  -  107 words
    • 270 8 PROFIT-TAKERS ruled the Wall Street stock market on Thursday, where investor caution before the announcement in the afternoon of the weekly money supply figures caused prices to finish narrowly mixed on moderate trading volume. Analysts said weakness most of the day in the bond
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    • 153 8 JUNE 07 Abftibt a 25* unch Hud Boy Man Imp 04 ktco 38* 14 l*Kh AJcon 38 Algomo Bonk Mont 22 24 unch Intl Nickel 18 Bonk Nova Scotia B«* Tel BP Can Ltd Br osc on lilt 30* 23* 32* -Vt Lobtaw B Mossey Ferg Mc Bkxfel 14*
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    • 241 8 JUNE 07 *Md Trust Bk 295 125 unch INDUSTRIALS Unisec Woolworth 560 1750 -5 unch A Alpha Abercom A£ And a Amocxop 925 210 940 455 25 10 unch -5 Anglos MININGS 2460 20 200 10 AMt 2875 -25 Btyyoors 1885 ButteH 8500 50 C G South 385 CNA
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    • 705 8 JUNE 07 us$ ACF Industries Alcan Alumn Alcoa Alegheny Lud Altd Chem Cp A*ed Storm Afe-Chalmers Am Brandt Inc Am Broodcost Am Can Co Am Cyonamd Am Elec Pwr Am Express Am Home Prod Am Motors Cp Am Natural Gas Am Tel Tel Amox Inc Ameroda Hess AMF
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    • 956 8 Amsterdam JUNC 07 Fb ABN 332 00 -1.5 Aegon 118 50 -1 AhoJd 172 50 -3 Akio 87 00 -2 AMEV 151 00 3 5 Afflfot Amrobnk 5880 -07 Berk 29 00 Boh 8800 -02 Borvumi) 240 00 -5 Bosko 32 10 -0 2 Burtet 6800 08 Cotond
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  • Page 8 Advertisements
    • 498 8 M T ST* HUANG PALACE z N Hong Kong Tim Sum served from 11 am to 2.30 pm (We also cater for weddings, anniversaries, birthdays and Chinese dinner functions.) For plrasr t all 2W1122 I*l7 or I MM) PRESIDENT MERLIN HOTEL SINGAPORE mi. km I* mi R<»hl. Si ii«.■!>•■< (WJII
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    • 116 8 London stocks, Pago 11 Jw-B-Qwe JtedySeafoocland Juicy Meat Cuts Treat yourself to our charcoal-grilled specialities. Lunch Dinner JAPANESE GARDEN COFFEE HOUSE Open 24 hours daily Free Ample Parking m 0+ i, 11 \i\ |j I M deserve an )y, equally exquisite setting. Because wc believe in this, wc have created
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  • ASIAN STOCKS
    • 434 9 HONGKONG: Prices closed firm yesterday but off the day's highs after heavy profit-taking emerged late in the morning. The Hang Seng index closed 2.07 up at 964.21 after being up 8.28 at the midmorning fix. The market opened higher on chartists support following the rise of the Hang Seng
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    • 278 9 JUNE 06 Chem Indus 22 60 -03 MT J 8 50 -0 1 Lien Hwa Indus Nan Yo Plas 12 10 35 30 0 1 0 3 jinccif cicjui 31 00 -0 1 Pacific Cons 30 80 -2.1 Cathay Cons Chang Hwa Bank Chen Loonq 32 20 -07 Pocific
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    • 451 9 TOKYO: Prices closed higher in moderate trading yesterday as selective buying of small and mediumsized issues rffore than offset profittaking and liquidation in front runners and blue chips. The market average rose 34.93 to close at 10,350.93 after rising 61.80 on Thursday. Turnover was 450 million shares against 400
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    • 94 9 June 8 Won Hyundot Corp 649 -*-14 Hyundoi Motor 587 1 KAL 460 -2 Bonk Seoul 675 +6 Korea F**» 715 2 Choheung Bk 666 5 Koreo Oil 833 2 Commencol Bk 707 1 Korea SNp 425 25 Doelim Ind 598 -12 Lucky Ltd 770 unch Doe woo Corp
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    • 429 9 SYDNEY: The market closed mixed yesterday in quiet trading with heavy turnover in Carlton and United Breweries tlje only feature. Near the close, the All-ordinaries index was 0.5 higher at 679.8, the AllIndustrials index was 3.3 up at 930.2 and the All-resources index was 1.6 down at 483.2. National
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    • 174 9 BANGKOK: Prices remained steady in quiet trading yesterday. The Book Club index rose 0.01 to U7.4p on turnover of 14.4 million baht with 85,620 shares traded. Bangkok Bank, Thai Farmers Bank, Jalaprathan Cement and Siam City Cement closed unchanged at 230, 234, 130 and 392 baht respectively. Siam cement
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    • 115 9 MANILA: Prices closed unchanged to lower in continued dull trading. The commercial and industrial index was down 0.41 to 132.46, the mining marker fell 2.68 to 1,087.66, and the oils index was unchanged at 0.713. There were no gainers. PLOT was down to 48 from 48.50. juhi oe Aco»«
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    • 76 9 Reuter TOSHIBA CORP of Japan plans to raise the capital investment of its parent company in the year ending March 31, 1985, to 150.5 billion yen from 125 billion in 1983/84. A company spokesman said the 1984/85 spending on electronic componentrelated sectors will rise to 88.50
      Reuter  -  76 words
    • 412 9 Electronics factory starts production CONIC Investment of Hongkong plans to invest heavily in China projects to strengthen technical and business cooperation, managing director Chow Tak-ming said. He said part of its electronics factory in the Xiamen special economic zone has started production recently.
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    • 93 9 Reuter CADBURY Schweppes Australia has agreed in principle to buy from General Foods Corp its wholly-owned Australian unit, the Cottee's General Foods group. The acquisition will be effective from Sep 1, subject to foreign investment approval from the Australian government. A Cottee's spokesman said
      Reuter  -  93 words
    • 270 9 Bemama YAOHAN Department Store of Japan will jointiy set up a department store in Kuala Lumpur with a Malaysian company. Yaohan Department Store, one of the largest Japanese supermarket/department store chains, will team up with Multi-Inter-est Sdn Bhd to form a company called Yaohan
      Bemama  -  270 words
  • Page 9 Advertisements
    • 399 9 a -jFSfj >sr HHBIKHHSPCSMBniwBKXHnB »y# iy; An evening with the stars. WK y f M Dine alfresco. On a rooftop, bathed in moonlight. Relax, with a cocktail. Enjoy the music of strolling stars, "Los Cherios". Tuesday to Saturday from 8.30pm. f iliWi Tradcwinds. There's no other place quite like it.
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    • 117 9 w r GOFFEE GARDEN,' 1 we serve son round the dock > m v Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you 11 find our staff friendly and efficient, our food appealing and delicious. Try our famous
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  • SHARE INFORMATION
    • 4230 10 LACK of buying interest caused share prices on the Singapore stock market to close easier yesterday. At the close of the session for the week, the broader-based BT Composite Index fell 1.93 points to 861.68 while the Straits Times Industrial Index declined 1.24 points
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    • 255 10 SINGAPORE Rises AwboModo. 970 Kowwtiwg 50« 810 londmofts M 50« 360 LAMSOl 340 G Urttr 224 S T f 1975 1140 Not Iron 550 M CoMos 540 GMofi 535 DwH D«» 515 Lioa Corpn 230 Waontoi 470 70 40 18 16 14 10 10 10 10 10
      255 words
    • 413 10 SHARE prices closed the week on an easier note at the Kuala Lumpur stock market yesterday in lighter trading. A steady start failed to make much headway later in the day. The market opened on a barely steady note but trading was generally quiet
      413 words
    • 3307 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 unlU unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
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  • Page 10 Advertisements

  • COMPANY NEWS
    • 608 11  -  By NAJEEB JARHOM STRAITS Trading Co Ltd and other affiliates of the OCBC group have realised a fortune from unloading their strategic block of shares in takeover target Carlton United Breweries, Australia's biggest brewer. This follows predator Elders IXL's decision to raise its offer price from
      608 words
    • 265 11 IN A SURPRISING move, Malayan Cables yesterday disclosed that a bumiputra company, Sapura Holdings Sdn Bhd, is now the buyer of the controlling stake in the wire and cable manufacturing company. It said its major shareholder, Bicc PLC (British Insulated Callender's Cables) has now agreed to
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    • 2274 11 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Alcom (2 266 2 28S) (2) 2.28 (5) 2
      2,274 words
    • 97 11 HONGKONG Australian Industrials Hong Seng Index Friday 9302 Thursday 926.9 Friday 964.21 Week ago 914.7 Thursday 962.14 Week ago 917.50 NEW YORK Dow Jones TOKYO Thursday 1132.44 Wednesday 1133.84 Tokyo Dow Jones Week ago 1104.85 Friday ***** 93 Standard and Poors Thursday *****80 Thursday 154.92 Wednesday 155.01 Week
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    • Latest
      • 45 11 Group pre-tax profits rose to $5.53 million in the half-year ended March 31, 1984, from $4.14 million previously. A higher gross interim dividend of 5 per cent (4 per cent) will be paid on July 9 to shareholders registered on July 3.
        45 words
      • 44 11 Group pre-tax profits improved to $11.83 million in the year to March 31, 1963, from $9.85 million previously. An unchanged final dividend of 13 per cent less tax will be paid on July 20 to shareholders registered on July 10.
        44 words
    • 213 11 yC[\ Pfs HOCK LOCK SIEW THE chart clearly shows the aggressive uptrend traced by TDM BM, which was little known prior to the recent upsurge in its share price. That steep upsurge has resulted in a compound 8 per cent rise within three months, after it found
      HOCK LOCK SIEW  -  213 words
    • 37 11 SPP United: 14th AGM on June 16 at 10am in Registered Office, 315 Alexandra Road (0315). UNITED PhatitliM BerW: 63rd AGM on June 16 at 10.30am in Company's Registered Office, Jendarata Estate, Teluk Intan, Malaysia.
      37 words
    • 219 11 Managers' prices for June 9 10 Singapore Unit Trust The Commerce 3.19 3.39* The Savings Fund 1.93 2 05 S'rore Prog Fund 1.42 1.5) S'p&reSec Fund 2 17 2 30 S'pore Invest Fund 117 1 24 S'pore Equrty Fund 1.41 I SO Asia Unit Trust Mol Invest Fund
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    • 928 11 EQUITIES yesterday ended above the lows on expectations of a Wall Street rally but trading was quiet. Prices had eased throughout the session more on lack of support than sustained selling, dealers said. At 3pm the FT-30 index fell to 829.0 from 825.6 at noon. Yesterday's closing middle
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  • Page 11 Advertisements
    • 467 11 II unneo moroß unms [maiaysß] HOLoras BeßHao (Incorporated in Malaysia) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of the Company will be held at the UMW Auditorium. United Motor Works (Malaysia) Holdings Berhad, Jalan Utas (15/7), Batu Tiga Industrial Estate, Shah Alam,
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  • 321 12  -  More households buying video cassette recorders By FOO CHOY PENG SINGAPOREANS go to the cinemas only once a month on the average. Although reputed to be among the most avid film-goers in the world four years ago, they have been consistently cutting down their visits
    321 words
  • 431 12  -  By ALVIN TAY TOTAL savings with the Central Provident Fund and Post Office Savings Bank have exceeded those placed with commercial banks for the first time. The two government statutory boards had a combined outstanding amount of $27.11 billion by the
    431 words
  • 277 12 NEW YORK gave them a muted welcome; some London institutions snubbed them altogether; but suddenly, shares in Reuters news agency and financial information business have found a friend in Abu Dhabi. Undaunted by an uncertain Wall Street and the allegedly "undemocratic"
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  • 535 12  -  By SOH TIANG KENG Banking Correspondent SINGAPORE banks will soon be given a free hand to determine fees and charges for banking transactions. This is in line with moves towards encouraging free competition and improving services to customers. The move
    535 words
  • 362 12 Agencies BRITISH Prime Minister Margaret Thatcher yesterday told leaders of the West's top industrial states that their strategy for economic recovery is on course and they must be determined to stick to it. In an opening address to the first formal session of
    Agencies  -  362 words
  • 63 12 PHILIPPINE soldiers have caught op with a whltecleaked "lady ghost" who looted ears after «caring their drivers into accidents. A cording to press reports, the "ghost" tuned oat to he a yooth who has lived op to his name twice over, Alberto Coocoa. Pictures of the
    63 words
  • 138 12 UPI PRIME MINISTER Indira Gandhi yesterday expressed sorrow over the Indian army's storming of the Sikhs' holiest shrine in Punjab, but described it as "unavoidable". "No government could tolerate the continued massacre of innocent people by terrorists," Mrs Gandhi said in her first public
    UPI  -  138 words
  • 313 12 GOVERNMENT subsidies to the Singapore Broadcasting Corporation are being questioned in the light of huge surpluses it has accumulated. SBC was singled out by a committee set up to study the government's accounts, but two other statutory boards were also mentioned the National
    313 words
  • 65 12 STOCK prices were mixed in early trading yesterday with investors shunning blue chip issues for secondary stocks and apparently ignoring Thursday's drop in the US money supply. The Dow Jones Industrial Average was down about two points but above 1130. Gainers led losers four to three. Volume
    65 words
  • 150 12 GOVERNMENT officers learnt fire-fighting; the Inland Revenue Department was given $4.3 million to buy a computer.and engage a consultancy firm; and Telecoms assured that its proposed Teleview service' would not duplicate what is now available on SBCText. These are some results of recommendations made
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  • LATE FILE
    • 51 12 UPI BRITAIN'S Princess Anne told the London Times yesterday that "all team sports should be thrown out of the Olympic games". The princess said she thought the team ethic produced too much nationalism because "the Olympics were meant to be a test of individual brilliance".
      UPI  -  51 words
    • 39 12 Reuter TAIWAN has decided to relax import regulations to allow all local companies to import goods, the Economics Ministry announced yesterday. A ministry official said the move is aimed at cutting Taiwan's trade surplus. Reuter
      Reuter  -  39 words
    • 54 12 Reuter FRITZ Leutwiler, the leading voice of Swiss banking for the past 10 years, is to resign as president of the Central Bank at the end of the year, the government said yesterday. He will also step down as head of the Bank for International
      Reuter  -  54 words
    • 48 12 AP TWO foreign priests and six Filipino church workers jailed on multiple murder charges rejected yesterday the offer of freedom by President Marcos if the priests would leave the Philippines immediately. Defence lawyers said any arrangement implying guilt of the accused was unacceptable. AP
      AP  -  48 words
    • 65 12 Reuter KRUGERRAND sales worldwide fell 21 per cent in May to 200,874 ounces from 255,192 in April, but were 16 per cent up on the 173,849 sold in May last year, International Gold Corp (Intergold) said yesterday. Sales of 1.04 million ounces so far this year are
      Reuter  -  65 words
  • Page 12 Advertisements
    • 165 12 NOTICE '.aamMßJuiih PROPOSAL TO CHANGE OF SHIP'S NAME I, Jmmy Tan of M/s Bandunf Shipping Private Limited I 1! |L > L. nereoy pv« nonet nut n consequence of our Purchase a General Cargo Ship from M/s Naviera Transoriontal S.A. I have appfed to the Refistrar of Singapore Ships, under
      165 words
    • 3 12 Leader, Pag* 6
      3 words
    • 3 12 8m page 3
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    • 130 12 ENTER THE STEREO Stereo sound. Choice of language at the touch of a button. There is even provision for the superimposition of sign language, a thoughtful facility for the less fortunate. Backed by these and other state-of-art technology TV 3 ushers in the era of commercial television, clutching more than
      130 words
  • Page 12 Miscellaneous
    • 55 12 Outlook for today: Partly cloudy; showers in some areas in the afternoon. Report for 24 hours prior to 7 30pm on June 8 at th« airport: Maximum temperature 31.2 Associated humidity 74 Minimum temperoture 24.8 Associated humidity 97 Hours of sunshine 5.00 Rainfall in millimetres Nil Rainfall this month 171.8
      55 words